Real Estate News

Gurgaon’s Kherki Daula Toll Shifting: All Eyes On Committee Report

24 August, Gurugram: The Centre and government area unit in agreement that the Kherki Daula parcel needs to be shifted, however all eyes area unit on a feasibleness report which will be place before the board at consequent meeting to be command fifteen days from currently.

A committee are fashioned in an exceedingly day or 2 to organize the feasibleness report which is able to assess the impact of the shifting of the toll from Kherki Daula to Sehrawan close to Panchgaon, 11km away.

“After a high-level meeting on Kherki Daula toll shifting on Wednesday, all stakeholders concurred that a committee should be fashioned to organize a feasibleness report which is able to be submitted within the next fifteen days,” aforesaid Ashok Sharma, project director (PD), National Highways Authority of India (NHAI).

“The shifting needs to happen needless to say however the grievances of the pool of 5 banks needs to be addressed before the shifting. The committee can prepare a feasibleness report for that purpose,” Sharma aforesaid.

Sharma can head the committee whereas representatives of 5 banks are its members. The committee can primarily cross-check 3 things — the revenue loss from the shift, the impact on traffic volume and also the legal tangles concerned. The pool, LED by Infrastructure Development nondepository financial institution (IDFC), has depository financial institution of India (SBI), geographical region full service bank (PNB), Oriental Bank of Commerce (OBC) and Bank of India (BOI) as members.

The pool had fashioned a special purpose vehicle — the Millennium town superhighway restricted (MCEPL) — to run the Delhi-Gurgaon superhighway from April 2014 to Gregorian calendar month 2023. This came once the termination of the previous operator— the Delhi|city|metropolis|urban center} Gurgaon Super property restricted — by the Delhi tribunal.

S Raghuraman, chief officer (CEO), MCEPL, said, “From April 2014 until date, we’ve got assessed a loss of Rs ninety eight large integer because of toll exemption to locals of thirty one villages. The exemption wasn’t a part of the agreement.”

“Also, the current volume of traffic crossing the toll averages around seventy five,000 per day. The shifting of the toll from the current web site to the new location 11km away would positively scale back traffic volume,” he said. The MCEPL owns the twenty seven.7km stretch between Rao Tula Ram (RTR) Marg and Kherki Daula parcel. If the toll is shifted to Sehrawan, then it might add another 11km to the road length below MCEPL’s management.